May 9, 2012, Fairfax, VA—Americans for Limited Government President Bill Wilson issued the following statement blasting the House of Representatives’ passage of the $140 billion re-authorization for the Export Import Bank of the United States:

“The House had an opportunity to show that corporate welfare in any form is unacceptable, and yet again blew it by not only reauthorizing the Ex-Im Bank, but by adding $40 billion to its lending capacity. Every member who voted yes now must explain to their constituents why they support a bank that gave millions to bankrupt Solyndra. Why they support a bank that gives foreign companies an edge over U.S. companies in the global economy. And why they support a bank that has wasted billions manipulating markets rather than allowing market forces to determine demand.”